1035 Charlevoix Dr 34,706 SF 100% Leased Office Building Grand Ledge, MI 48837 For Sale

Zeustra presents the exclusive opportunity to acquire a 34,705 SF, 100% occupied multi-tenant medical office building in Grand Ledge, Michigan anchored by three deeply entrenched healthcare tenants: McLaren Greater Lansing, University of Michigan Health–Sparrow, and Family Medicine of Michigan. The asset generates $734,541 in Year 1 NOI under a triple-net and modified gross lease structure with a 6.3-year weighted average lease term.
All three tenants have occupied the building since inception in 2012. McLaren operates a flagship multi-specialty health center integrated into its systemwide referral network. UM Health–Sparrow operates as a formally designated outpatient department of the region's sole Level I Trauma Center. Family Medicine of Michigan has served the Grand Ledge community continuously for over 50 years with a multigenerational patient base that makes relocation functionally impossible.
The property sits along a 30,000 VPD commercial corridor 13 miles west of downtown Lansing in a supply-constrained submarket with a median age of 44.5 and a 21.7% senior population — demographics that drive disproportionately high healthcare utilization. The two major health systems have committed over $72 million in new capital to this submarket within the past 18 months, independently validating long-term demand at this location.